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The semi-annual 4 percent coupon paying bonds of XYZ company have a quoted price of $930. If the last coupon payment occurred on June 30
The semi-annual 4 percent coupon paying bonds of XYZ company have a quoted price of $930. If the last coupon payment occurred on June 30 th , 2016; the cash price of the bond on August 31 th , 2016 is closest to which one of the following choices? Assume that face value of the bond is $1000.
the answer is 937 , how to get to that
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